Luminex Ltd sees FY2022 turnover up 22%
View(s):Luminex Ltd, engaged in Telecommunication Engineering Electrical Engineering Low Tension and High-Tension Electrical Engineering, has recorded impressive growth for FY2021/22.
In a media release, the company reported a turnover of Rs.3,121 million for the financial year ended 31st March 2022, up 22 per cent from the Rs.2,554 million achieved in the previous year. Profit increased by 64 per cent to reach Rs.489 million in 2022 compared to Rs.299 million in the previous year.
EBIT increased by 49.27 per cent from Rs.423 million in 2021 to Rs.632 million in 2022.
Ruwan Fernando – Managing Director of Luminex said: “The company’s strong reputation in the construction, engineering and technology sector and its prudent financial management supported its growth trajectory during the year. Our plans to expand operations beyond the shores of Sri Lanka are taking shape. Looking to the future, the company has commenced discussions with foreign parties to extend their business activities by collaborating with outside parties to grow the business beyond their current geographical area and also to find a solution to mitigate the impact of the current economic crisis.
Buoyed by its success within Sri Lanka, the company plans to expand the operations in West Asia and expand its geographical footprint further in the near future. Functioning as a pioneering presence in Sri Lanka’s engineering and technology sphere, Luminex is a profitable entity that is geared for growth and counts top companies as clients. It is the primary telecommunication engineering services provider for Sri Lanka Telecom and Dialog Axiata, and a civil engineering service provider for the National Water Supply & Drainage Board and the Ministry of Defence and many private and public sector clients.
The company’s operations are backed by a 500-strong technical workforce across eight operations centres and 29 project offices.
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